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BG Signs Libyan Exploration and Production Sharing Agreements

Source: www.gulfoilandgas.com 12/8/2005, Location: Africa

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BG Group signed three Exploration and Production Sharing Agreements (EPSA) for Blocks 123 (1) and 123 (2), and Area 171, (Blocks 1, 2, 3 & 4). This follows successful bids in the recent Libyan licensing round held on 2 October 2005. BG has assumed 100 percent ownership and operatorship of the EPSAs for Blocks 123 (1) and 123 (2) and a 50 percent interest in the EPSA for Area 171 (blocks 1, 2, 3 & 4) in partnership with Statoil (operator). The award of the three licences is subject to ratification by the General People's Committee of Libya.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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